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Porsche Boxster Lease Questions

187 messages,  Last post on Oct 19, 2009 at 11:18 AM

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What is this discussion about? Porsche Boxster, Car Leasing, Convertible

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#154 of 187 Re: I didn't do my due diligence,,,, [tesla43] by Car_man HOST Aug 06, 2007 (1:34 am)
Replying to: tesla43 (Jun 28, 2007 5:15 pm) Hi Tesla. This particular discussion is really for consumers to discuss the Porsche Boxster. Please post any additional questions that you have on the Cayman in the following discussion: "Porsche Cayman: Lease Questions".   Since we're already here, I'll take a quick look at your deal. A base 2007 Porsche Cayman S has a spread of around $7,500 between its full MSRP and its dealer invoice price. The discount of $7,600 that you were given looks very attractive to me.   As far as the rest of your deal goes, 60 months is really too long to lease for. I usually advise consumers to lease for 36 months or so. A lot can happen over the course of five years to make one want to get out of their lease early and unfortunately it is very expensive to do so. Your family situation could change causing you to need a larger vehicle, your daily commute could change causing you to go way over your mileage allowance, or you could just decide that you want something new (you wanted our of your RX-8 after only two years).   As far as the $5,000 down payment goes, I would have advised you against making it, but doing so is not the end of the world. The main drawback of making a down payment on a lease is that if your vehicle is totaled in an accident or stolen and never recovered there is a good chance that part or all of any down payment that you made will disappear. That's why I always tell consumers not to make any capitalized cost reduction when leasing.   I don't think that this deal is as bad as you believe it is. Your car's selling price was excellent. It is difficult to say what money factor the dealer used to calculate your lease payment. It is possible that there was some mark up there to make up for your car's low selling price. Furthermore, I wouldn't have leased for such a long term or made such a large down payment. Just remember not to do these things the next time that you lease and enjoy your cool new car .   Car_man Host Prices Paid: Buying & Leasing Experiences Forum   P.S. Don't forget to stop by the new Dealer Ratings & Reviews section of this site to share your thoughts on this dealer with everyone.
#155 of 187 Re: 911 lease rates [psmd] by Car_man HOST Aug 06, 2007 (1:43 am)
Replying to: psmd (Jul 12, 2007 6:50 am) Here's the info that you're looking for, psmd. Porsche Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Porsche 911 C4S Cabriolet with Tip and 15,000 miles per year are .00310 and 51%, respectively. The residual value for an otherwise identical lease with only 12,000 miles per year would be 2% higher. 15,000 miles per year is the highest mileage allowance that Porsche Credit publishes residual values for. If you need to drive more than this, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until the scheduled end of your deal and have to pay an excess mileage penalty.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#156 of 187 Re: Box S 2007- lots of fun [heusler] by Car_man HOST Aug 06, 2007 (1:49 am)
Replying to: heusler (Jul 26, 2007 6:49 am) Congratulations on your new Boxster, heusler. This particular discussion is for community members to discuss leasing one. You will probably have better luck getting information on the break-in period for your car in the following discussion: "Boxster and Boxster S". Also, don't forget to stop by the new Edmunds.com Dealer Ratings & Reviews section to share your thoughts on your dealer experience.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#157 of 187 Re: 2008 Boxster Lease [wmsc998] by Car_man HOST Aug 06, 2007 (1:52 am)
Replying to: wmsc998 (Aug 03, 2007 12:17 pm) Hi Michael. As you suspected, Porsche Credit's current buy rate lease money factor for a lease of all of its models is currently .00310 for consumers who qualify for its top credit tier. Your lease payment for this car will vary quite a bit depending upon how long you lease it for and what mileage allowance you need. If you provide me with both of these variables, I should be able to give you an idea of what sort of monthly payment to expect.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: wmsc998 (Aug 06, 2007 4:44 am) Car_man (Sep 14, 2007 1:39 am)
#158 of 187 Re: 2008 Boxster Lease [Car_man] by wmsc998 Aug 06, 2007 (4:44 am)
Replying to: Car_man (Aug 06, 2007 1:52 am) Thank you Car_man,   Lease term would be 36 months and miles would be 15,000. What is the residual percentage? 60%?   Congratulations redsoxgirl you are a much better neotiator than I... Replies to this message: Car_man (Sep 14, 2007 1:39 am)
#159 of 187 2008 Porsche Boxster Lease by oncalldoc Aug 14, 2007 (1:24 pm)
I will be completing a lease contract on a 2004 Boxster at the end of this year and am interested in a 2008 model. Assuming a 48 month lease period, standard mileage allowance, no additional options, and top credit tier, what monthly payment range would be considered optimal for me as a repeat customer?   Thanks, The Doc Replies to this message: Car_man (Sep 14, 2007 1:45 am)
#160 of 187 Lease rates by thewyz Sep 04, 2007 (9:45 am)
Hi   I have leased based on advice on these forums and have been very pleased - thanks! Car man - can you help with current residual and money factor numbers?   I have no experience with negotiating on a Porsche - can expect to get about $1k above invoice? I plan to lease for 24 or 36 months based on best rate and need just 10k miles per year.   Any help/advice would be much appreciated.   Thanks Replies to this message: Car_man (Sep 14, 2007 1:58 am)
#161 of 187 Re: 2008 Boxster Lease [wmsc998] by Car_man HOST Sep 14, 2007 (1:39 am)
Replying to: wmsc998 (Aug 06, 2007 4:44 am) No problem, wmsc998. Porsche Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Porsche Boxster without Tiptronic and with 15,000 miles per year are .00310 and 55%, respectively.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#162 of 187 Re: 2008 Porsche Boxster Lease [oncalldoc] by Car_man HOST Sep 14, 2007 (1:45 am)
Replying to: oncalldoc (Aug 14, 2007 1:24 pm) What's up Doc? Unfortunately, the fact that you are a loyal Porsche customer will not have much impact upon your ability to get a good deal on the new Boxster that you are interested in. Porsche is not currently running any special loyalty promotions that I am aware of. You may be able to negotiate a slightly better selling price than someone off the street would be able to get if you have a good relationship with a specific dealer, but they aren't going to sell you a car for much less than they could sell it to anyone else.   I would be happy to estimate what sort of monthly payment you should expect to pay for the car that you are interested in. However, since there is so much variability in Porsche's pricing because of the long list of options that it offers, it would be easier for me to give you an accurate payment estimate if you were able to provide me with at least this car's full MSRP and ideally its approximate selling price as well first. Let me know what these numbers are and I will use Porsche Credit's current lease program to estimate what your monthly payment should be.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#163 of 187 Re: Lease rates [thewyz] by Car_man HOST Sep 14, 2007 (1:58 am)
Replying to: thewyz (Sep 04, 2007 9:45 am) You're very welcome, thewyz. Here's the information that you're looking for. Porsche Credit's current buy rate lease money factor and residual value for a 24 month lease of a 2007 Porsche Boxster without Tiptronic and with 10,000 miles per year are .00310 and 65%, respectively. The numbers for an otherwise identical 36 month lease are .00310 and 58%.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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